#maya black mini payments

When the Maya Black credit card was first introduced last year, it allowed anyone with a verified Maya account to get a Visa credit card from Maya. Here's another new feature I am sure Maya Black users will definitely love -- Mini-Payments. The Maya Mini-Payments allow the credit card user to switch to monthly installments of up to 12 months. In our testing last May, we transferred Php51,836.84 into Maya Mini-payments. Well, the outstanding credit balance is then transferred into the Mini-Payments section of Maya then divided into equal monthly payments (either 3, 6, 9 or 12 months) including the applied interest. Note though that the entire amount transferred to mini-payments will be deducted from your regular monthly credit limit. Your credit limit will only return back to its original status once the entire "mini-payments" have been settled. That's on top of the fact that the entire balance is now divided equally into smaller "mini-payments". Read more in our articles including "MAYA Black Mini-Payments Explained" and "Blackberry Storm: RIM sheds the keypad".